|[October 29, 2013]
FGI Partners with charity: water to Fund Water Well in Uganda
NEW YORK --(Business Wire)--
has teamed up with charity: water once again to fund the construction of
a water well in the East African country of Uganda. The project is
scheduled to be completed in early 2015.
This is the second clean-water project that FGI has sponsored. In 2011
FGI first partnered with charity: water to sponsor the repair of an
inactive hand-dug well located in a remote village in Cambodia. This
year, FGI is funding a new borehole-style water well in Uganda. While
borehole-style wells are more expensive to construct due to the heavy
equipment, materials, and skilled technicians required, they can often
provide up to twice the amount of clean water than a traditional
FGI's $20,000 donation will bring a much needed clean water supply to
approximately 500 people.
The benefits to these communities of having access to clean, potable,
drinking water are significant. More than 3.4 million people die each
year as a result of sanitation and hygiene relaed diseases, with more
than 99% of these deaths occurring in the developing world.
Additionally, it is estimated that more than 780 million people
worldwide lack access to an improved water source; approximately 1 in 9
"FGI is very excited to continue to work with charity: water by
assisting their efforts in Uganda. We are proud to work with such a
solid organization that continues to make improvements to water
resources and education, both of which have such a profound impact on
peoples' lives," said David DiPiero, President and CEO of FGI.
Further benefits of the water well include reduced time spent collecting
clean drinking water - affording women more time to earn extra income,
and children the opportunity to focus on an education - as well as
providing a reliable irrigation system that improves farming and
increases the food supply to these communities and villages.
The project also aims to recruit and train community members to conduct
sanitation and hygiene education, ensuring these communities have
continued access to clean, safe water.
) is a global leader in the commercial finance industry, equipping small
and medium enterprises with the tools they need to safely grow their
business. FGI's three key business units, FGI Finance, FGI Risk, and FGI
Capital, cover the full spectrum of financial services - providing
customized business solutions tailored to meet all client needs.
Headquartered in New York City, FGI maintains a presence on 6 continents
with clients in over 60 countries around the world.
About charity: water
charity: water is a non-profit organization that brings clean, safe
drinking water to people in developing countries. charity: water also
provides education to the communities wherein these water projects lie,
teaching about the importance and benefits of fresh water. 100% of all
public donations go directly to the field to fund water projects. www.charitywater.org
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